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| Name | IT'S OVER!!! The Car Market CRASH of 2024 |
| Video Uploader | Video From Ideal Cars |
| Upload Date | This Video Uploaded At 19-05-2024 11:00:25 |
| Video Discription | The car market is in crisis! Negative equity is higher than ever, repo rates are skyrocketing, monthly payments on new cars are at an all-time high, and interest rates are climbing as fast as Mount Everest! This spells disaster for the automotive market. But how did we get here, and how will this play out? Is this finally the year buyers gain the upper hand? Chapters: 00:00 - Intro 00:30 - Repo Rates 02:53 - Negative Equity Rates 04:10 - Dealerships 05:29 - Loan Rates 09:03 - EV Sales Dwindling 11:43 - Conclusion In This Video: Repo Rates: Repo rates for cars are soaring, with nearly 6% of borrowers at least 60 days late on payments. Negative Equity: The share of new vehicle purchases involving trade-ins with negative equity reached 23.1% in Q1 2024. Dealerships: The inventory at car dealerships has rebounded to pre-pandemic levels, impacting lot times and dealer markups. Loan Rates: Interest rates have risen sharply due to inflation, making car loans more expensive. Inflation: New car prices have increased by 32% since 2018, driven by inflation. EV Sales Dwindling: EV sales are dropping, with high depreciation rates and other challenges causing issues. Wholesale: A surge in repossessed cars and wholesale purchases by dealers is set to impact the market. Join us as we break down these issues and explore the future of the car market. Will it crash, or is there hope for a recovery? Don’t forget to: Like and Subscribe: Stay updated with our latest videos. Turn on Notifications: Never miss an update. Comment Below: Share your thoughts on the car market crash. #idealcars #ideal #cars Our best videos aren't out yet! Subscribe so you won't miss a thing! ►Subscribe HERE: https://bit.ly/IdealCarsUTube ►Snag An Ideal Shirt Or Slap! https://bit.ly/IdealMediaShop ►Follow Our Instagram! - https://bit.ly/IdealCarsInsta ►Subscribe To Our Ideal Cars YT Channel - http://bit.ly/IdealCarsYouTube ►Join The Ideal Car Strategies - http://bit.ly/IdealCarStrategies130 ► OPEN A ROTH IRA AND START INVESTING https://ideal.media/go/m1-finance/ |
| Category | Autos & Vehicles |
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